Description
Despite disappointing global climate negotiations, the movement toward carbon pricing continues both within and outside of the United Nations framework. CCBJ’s review of global trends in carbon pricing finds many positive trends, including regional emissions trading systems in China and action by developing and emerging economies from Chile to Kazakhstan. Sub-national entities like California and Quebec are pursuing bilateral linkages while nations make unilateral pledges while staying connected to the UN process. Key decisions on allocation levels (which determine pricing) are still pending in most systems, but 2014 will be crunch time as countries formalize commitments leading up to the pivotal December 2015 UN meeting. While carbon prices continue to waver in established trading and offset systems, many policymakers press on, perhaps sensing the inevitability of a global pricing system: Examples of progress in China (p.12), California (p.17), post-CDM (p.18), voluntary markets (p.22), South Korea (p.26), Chile (p.30), Japan (p.32), the future of global policy (p.28), wetlands carbon (p.34), carbon efficiency in transition economies (p.37) and Brazil (p.42).
CCBJ’s review of carbon policy, carbon trading, carbon taxes and other measures being used to monetize carbon emissions in some form in national, sub-national and regional schemes.
Features:
- Carbon Markets Endure Bumpy Roads, But New Paths Emerging
- Much is at Stake in the Evolution of GHG Policy and Carbon Markets in China
- California-Quebec Linkage Creates First American Multilateral Carbon Market
- As CDM Market Crashes, Players Innovate With New Projects
- Voluntary Market Down, But Growth Drivers Evolving
- South Korea Seeks to Balance Export Growth with GHG Reductions
- Former UNFCCC Executive Secretary on the Future of Global Climate Policy
- Chile Takes on GHG Mitigation and Explores Options for a National Emissions Trading System
- Japan Backs Off Kyoto Protocol II, But Still a Leader in Domestic Emissions Trading and Bilateral Offsets with Developing Countries
- Wetland Carbon: A Win-Win for Adaptation and Carbon Storage
- Drive for Carbon Efficiency Builds in Transition Economies
- Brazil Weighs National GHG Program as States Enact Laws and Energy Sector Continues Dynamic Growth and Change
Exhibits included in this issue:
- Global Carbon Market 2005-2012, $Billion in Value Traded
- Scope of Nationally Appropriate Mitigation Actions (NAMAs)
- Global Carbon Price Averages ($/tonne CO2e)
- Overview of Submitted Nationally Appropriate Mitigation Actions to UNFCCC
- Estimated Coverage of Implemented and Scheduled Emissions Trading Schemes
- Carbon Pricing Mechanisms
- The Partnership for Market Readiness (PMR) Implementing Country Participants
- World CO2 Emissions by Sector in 2010
- Top 10 Emitting Countries in 2010
- Global CO2 Emissions by Fuel 1907-2010
- China’s Gross Domestic Product, 1980-2010
- Economic and Emissions Contributions of Cities Involved in Local Pilot Projects in China
- Status of Local Pilot Projects in China
- Offset End Users’ Top Offsetting Motivations, 2012
- South Korea’s Emissions Trading Scheme
- Korean GHG and Energy Target Management System Coverage, 2011 (MtCO2e)
- Carbon Intensity of GDP
- Fuel Shares in Transition Economies
- The Carbon Intensity of Trade in 2004
- Brazil: CO2 Emissions by Sector
